The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account for $50,000. b. Receive cash of $42,000 from customers in (a) above. c. Purchase bike equipment by signing a note with the bank for $35,000. d. Pay utilities of $5,000 for the current month. Analyze each transaction and indicate the

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The following transactions occur for Badger Biking Company during the month of June:

a. Provide services to customers on account for $50,000.

b. Receive cash of $42,000 from customers in (a) above.

c. Purchase bike equipment by signing a note with the bank for $35,000.

d. Pay utilities of $5,000 for the current month.

Analyze each transaction and indicate the amount of increases and decreases in the accountingequation.

The following transactions occur for Badger Biking Company during the
Related Book For answer-question

Financial Accounting

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

ISBN: 978-0078025549